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Dynamic cost indexing: managing airline delay costs

Cook, Andrew J. and Tanner, Graham and Williams, Victoria and Meise, Gerhard (2009) Dynamic cost indexing: managing airline delay costs. Journal of Air Transport Management, 15 (1). pp. 26-35. ISSN 0969-6997

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Official URL: http://dx.doi.org/10.1016/j.jairtraman.2008.07.001

Abstract

This paper develops a decision-support tool for managing flight delay costs in the pre-departure and airborne phases of a flight. The dynamic cost indexing tool trades accelerated fuel burn against ‘cost of time’ and environmental impact. Many airlines have significant barriers to quantify the various components of ‘cost of time’. There are no industry standards for defining and interfacing the necessary tools. Dynamic estimation of passenger delay costs, delay recovery decision windows and air traffic control cooperation are key constraints. Short-term opportunities for saving fuel and/or reducing environmental impacts are identified.

Item Type:Article
Research Community:University of Westminster > Architecture and the Built Environment, School of
ID Code:6004
Deposited On:18 Feb 2009 11:51
Last Modified:22 Oct 2009 12:06

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